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JPMorgan CEO Dimon Says Washington Heads to Another Possible Government Shutdown

JPMorgan Chase CEO Jamie Dimon warns that Washington is headed for another government shutdown due to bad management. He said, Washington’s neglect to act on the debt ceiling crisis, immigration, and the government shutdowns have slowed down the US economic growth.

Sep 22, 2015 6:05 AM EDT

Markets

How a Fed Rate Hike Would Affect Millions of Americans

The Federal Reserve may have not pushed through with its plan to increase interest rates this year, but it is still expected to go for the rate hike later this year. Here are examples on how the possible Fed rate hike would affect the individual American.

Amazon's New $50 Fire Tablets Now Available At Pre Order For $250 Per Six Packs

Amazon’s new Fire Tablets are finally out and are very cheap for only $49.99, and can be bought at six-packs for only $250.

Markets

Nielsen Encourages Marketers to Set Their Eyes on Wealthy Blacks

According to Nielsen, there is a fast growing number of affluent Black-Americans in the country and that marketers should focus their attentions on them.

Foreign firms dominate Chinese robotic sector

Chinese firms are struggling to compete with foreign firms in the production of robots. This lead to domination of foreign firms in the China robotic market creating a loss for the country as they are shifting from labor work to automation work.

Sep 22, 2015 2:46 AM EDT

Google to unveil two new products on 29th September

Google Ceo, Sundar Pichai will be hosting his first Google event in its San Franciso office this coming 29th September. He is expected to unveil new Google Nexus and Google Chromecast during the event.

Sep 22, 2015 2:42 AM EDT

Jessica Alba's The Honest Company grants a 16-week paid maternity leave to its employees

Jessica Alba's co-founded company, The Honest Company, will provide paid parental leave to its workers starting 2016.

Sep 22, 2015 2:38 AM EDT

Diageo Plc to Raise Stake in Guinness Nigeria Plc of up to 70%, or $200M

Diageo Plc plans to raise its stake in Guinness Nigeria Plc to 70 percent, which is a deal worth $200 million.

Sep 22, 2015 2:33 AM EDT

Federal Reserve leaves the interest rate unchaged, causing panic among investors

Three major U.S indexes closed lower on Friday after the Federal Reserve decision not to change the interest rates after Thursday's meeting. The decision brings concern for investors as global economic is expected to continue its declining pattern.

Sep 22, 2015 2:30 AM EDT

Chinese firms sign L.A-Las Vegas high-speed rail project

After 10 years of working on the project, the high-speed rail link between Los Angeles and Las Vegas is taking off following the signing of a deal by a group of Chinese firms with XpressWest, a US company. The China President Xi Jinping is visiting the US, during his tour next week, the project will be announced.

Sep 22, 2015 12:00 AM EDT

Crisis-hit Puerto Rico takes up VAT route to shore up revenues

Caribbean islan Puerto Rico has decided to implement VAT system from 1 April 2016 onwards exempting its manufacturing industry from paying taxes on imports of raw materials. The new tax system has been designed with an aim of facilitating the much controversial $1.5-bn stimulus plan for reviving the ailing economy. The Islan has also increased sales tax.

Sep 21, 2015 11:11 PM EDT

Volkswagen might get fined $18 billion for 'defeat device' installation

Volkswagen might get penalized amounting to $18 billion for not complying with the Clean Air rules of EPA. The German trademark cars can be recalled by EPA since they have the authority to do so.

Sep 21, 2015 11:08 PM EDT

Apple wins patent infringement case but Samsung is likely affected

Apple Inc. won over Samsung in its patent infringement case. The court has ordered Samsung to halt its older products that include patent injunctions. But Samsung is less likely affected as it doesn't use such features anymore.

Sep 21, 2015 11:05 PM EDT

Brexit is the highlight for EU-UK talks

David Cameron and few officials have been actively meeting with European Council to seek out options best for Britain. The result whether Britain will still become an EU members or not could be known as early as next year.

Sep 21, 2015 11:04 PM EDT

Snapchat new update can be good for business

Snapchat releases two new update for their apps today creating a frenzy among social media users. The new updates enables users to use animation in their snap and also allowing for more replays than previously once per day.

Sep 21, 2015 11:01 PM EDT

Canadian bank sectors expected to boost payouts in 2016

Banking related stocks are expected to pay more dividend to investors by next year amidst the global economic uncertainty. However, three stocks to watch all are listed on Toronto Stock Exchange as Canada have been slowly growing even during this uncertainty period.

Sep 21, 2015 10:59 PM EDT